S&P: Alice, TX GO Rating Outlook Revised To Negative On Weak Financial Profile And Local Economy
"The outlook revision reflects our assessment of the city's weakening financial profile combined with the contraction of the local economy as a result of exposure to volatile oil drilling and production activities," said S&P Global Ratings credit analyst Joshua Travis. "The outlook revision also reflects our consideration of recent turnover within the executive management and financial team," Mr. Travis added.
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